The euro retains advances from Wednesday on hopes Greece will seal a deal to resolve its debt crisis, outweighing concerns a likely interest rate hike in the United States this year will make the US dollar more appealing.
Prime Minister Alexis Tsipras resumed talks with its international lenders, the European Central Bank, the European Commission, and the International Monetary Fund, continued negotiations in Brussels, seeking to seal a breakthrough deal for unlocking the bailout aid.
Against the US dollar and the Japanese yen, the common currency was slightly changed at $1.1204 from Wednesday’s $1.1205, and ¥138.82 from ¥138.78, respectively.
Greek debt talks will extend until the end of June. A deal may ignite “momentarily, but the euro will probably be sold as focus shifts to the dollar,” said Yasuhiro Kaizaki, Vice President for Global Markets at Sumitomo Mitsui Trust Bank Ltd.
Eurozone finance ministers will meet again Thursday to talk over Greece’s bailout, to expire June 30.
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